Definitely NO criticism from me, except the selling wicks seemed to have wanted out above $2.60, with pretty reasonable volumes at that. The triple top though, is probably the simplest indicator to watch for a decent pullback.
As well as your trend line to check possible support, I also like to throw up the 50/200 EMA's, JUUUST in case the price action busts on through, and rebounds around a different J bottom, away from the trend-line support.
(Did I also mention fib retracements and swing ribbon EMA's?)
TBH, I am glad it has hit this inflection point, as the price action has been all over the place the last 12 months, so a decent 'flush' will hopefully invite 'new' buyers in, with the promise of some better price action stability.
Nice work and excellent explanations for non-technical owners to see.
Definitely NO criticism from me, except the selling wicks seemed...
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 (20min delay)
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Last
$1.72 |
Change
0.013(0.73%) |
Mkt cap ! $1.374B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.75 | $1.71 | $2.824M | 1.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 86730 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 41780 | 27 |
View Market Depth
| Last trade - 13.27pm 06/06/2024 (20 minute delay) ? |
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Last
$1.72 |
Change
0.013 ( 0.60 %) |
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| Open | High | Low | Volume | ||
| $1.74 | $1.75 | $1.71 | 496969 | ||
| Last updated 13.46pm 06/06/2024 ? | |||||
| KAR (ASX) Chart |